facebook
Traded Co logo
Submit

Indian River County Acquires Land In Vero Beach For $1.64M With Colliers As Buyer's Rep

Property Image
SOLD
$1,640,000
Gerard Yetming
Brooke Mosier
+ 4

Florida

See Similar Deals
Development Site673,873 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Indian River County Acquires Land In Vero Beach For $1.64M With Colliers As Buyer's Rep

1077 Riverwind Circle

See Similar Deals
Development Site673,873 SF
Sold
Gerard Yetming
Brooke Mosier
+ 4
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$2
Total Square Footage:673873 SF
Transaction Type:Sale

This transaction involved a land asset located at East End of 45th St, Gifford Dock Road, in Vero Beach, consisting of 12.76 acres, totaling 673,873 square feet. The sale price was $1,640,000, resulting in a price per square foot of $2.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $1,640,000
  • Address: East End of 45th St, Gifford Dock Road
  • Market: Vero Beach
  • Acres: 12.76
  • Square Footage: 673,873
  • Price per Square Foot: $2
  • Buyer: Indian River County
  • Seller: Jeffrey & Annette Maffett - iThink Financial Credit Union
  • Buyer's Representatives: Brooke Mosier, Julian Zuniga, Damian Johnson & Gerard Yetming - Colliers

The buyer, Indian River County, was represented in this transaction by a team from Colliers, which included Brooke Mosier, Julian Zuniga, Damian Johnson, and Gerard Yetming. The seller in this deal comprised Jeffrey and Annette Maffett, along with iThink Financial Credit Union.

Players

Julian Zuniga
16 deals$102M volume(786) 547-0153
BROKER

Gerard Yetming
Colliers
17 deals$125.5M volume(305) 342-5059
BROKER

Brooke Mosier
Colliers
8 deals$23.3M volume(954) 652-4633
BROKER

Damian Johnson
Colliers
6 deals$16.7M volume(305) 858-6239
BROKER


1 deal$1.6M volume
SELLER

1 deal$1.6M volume
SELLER

Details

SOLD
IMAGE: Brooke Mosier, Julian Zuniga, Damian Johnson & Gerard Yetming DATE: 02/26/2026 ADDRESS: East End of 45th St, Gifford Dock Road MARKET: Vero Beach ASSET TYPE: Land BUYER: Indian River County SELLER: Jeffrey & Annette Maffett - iThink Financial Credit Union BUYER'S REP: Brooke Mosier (@Brookebfsu), Julian Zuniga (@Zuniga346), Damian Johnson (@Damian.johnson32) & Gerard Yetming (@GerardYetming) - Colliers (@ColliersInternational) SALE PRICE: $1,640,000 SF: 673,873 ~ PPSF: $2 ACRES: 12.76

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$87,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,826.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,774.44
Annual Debt Service$93,293.24